I've actually got a situation like that on hand right now - I hold Enbridge, I have written (sold) covered calls against it, I failed to anticipate that stock going up despite the uncertainty around pipelines in general, it is now up slightly above the ($44) strike on the call, and ex-dividend date is this Thursday. I'm expecting that to be called away tomorrow by someone who wants to grab that dividend. That's okay, it's getting called away for more than what I paid ... and if it gets called away early, it frees up cash to do something else. If tomorrow is a down day, maybe I get a bonus.
Lol probably huge but the storage is a issue and hindsight is 20 20 maybe buy limber company stocks.Just wondering about the ROI on a boxcar full of 2X4's over the last year?
Coinbase 'should' be ok. But you should move it to your own wallet.between morgan stanley and elon, I have now bought some bitcoin, its got a limit on how much you can buy weekly, not sure why this is, maybe I could have gone with a different broker/exchange if I wanted to buy more, but coinbase is a pretty reputable exchange so Im sticking with them for now
Agree. I wouldnt trust any crypto repository at this point. Offline at home ftw. Now, that also probably let's you write off secure storage. I'm not sure if that is only possible with a box in a bank or if you can write off a home safe.Coinbase 'should' be ok. But you should move it to your own wallet.
I was a victim of Quadriga, though only lost tiny bit. The lost amount is probably around 2k CAD with Bitcoin price today.
Sent from my M2007J20CG using Tapatalk
About double the price nowadays. If you're selling let me know!Just wondering about the ROI on a boxcar full of 2X4's over the last year?
Got any tips/guides on how to get into this? I'm not planning on buying any BTC as that boat has sailed (in my wallet's eyes), but there are other options.Agree. I wouldnt trust any crypto repository at this point. Offline at home ftw. Now, that also probably let's you write off secure storage. I'm not sure if that is only possible with a box in a bank or if you can write off a home safe.
you can buy partial bitcoinsGot any tips/guides on how to get into this? I'm not planning on buying any BTC as that boat has sailed (in my wallet's eyes), but there are other options.
No. I put crypto currencies strongly into gambling territory as their value is based on nothing. Sure you can make money, but you can also lose it all. If you cant explain what your money is in and why it is worth something, putting your money there is gambling.Got any tips/guides on how to get into this? I'm not planning on buying any BTC as that boat has sailed (in my wallet's eyes), but there are other options.
You can buy qbtc.u using any trading platform and buy sell anytime the market is open.No. I put crypto currencies strongly into gambling territory as their value is based on nothing. Sure you can make money, but you can also lose it all. If you cant explain what your money is in and why it is worth something, putting your money there is gambling.
I dont care what musk says. Unless he makes a pot sized bet, why would I care? He can put 100M in and it would be the same as me investing what I find in my couch. If he puts in 10B+ (which I dont think he could as he has very few liquid assets), I may pay more attention.
As far as how to store them, I only know enough to keep a cold wallet in one safe and a recovery key in a second safe at a different location. Exchanges are beyond a nightmare and even hot wallets are far too vulnerable to be considered an investment.
No. I put crypto currencies strongly into gambling territory as their value is based on nothing. Sure you can make money, but you can also lose it all. If you cant explain what your money is in and why it is worth something, putting your money there is gambling.
I dont care what musk says. Unless he makes a pot sized bet, why would I care? He can put 100M in and it would be the same as me investing what I find in my couch. If he puts in 10B+ (which I dont think he could as he has very few liquid assets), I may pay more attention.
As far as how to store them, I only know enough to keep a cold wallet in one safe and a recovery key in a second safe at a different location. Exchanges are beyond a nightmare and even hot wallets are far too vulnerable to be considered an investment.
Just wondering about the ROI on a boxcar full of 2X4's over the last year?
Futures aren't for the meek. I like bacon but can't afford to pay for tons of it or store it if the price tanks.I can answer this , I've gone through a few hundred flat cars this year. It was $1.40ea 8ft wholesale FOB, my rail siding in Caledonia. Its $4.50ish per piece right now.
But you cant use the metric of yr over yr, you should be seeing 12 turns a yr on softwood lumber inventory or your doing it wrong. The desk toppers that buy/sell and hold no inventory have made fortunes, but the real risk is owning a lot of loads in transit when the price starts to go over a cliff, at least when you hold inventory you can filter new price stock with old price stock and work your way out of a position.
Panel products are crazy, 7/16 OSB wafer was $12.00 a sheet retail a year ago, I was selling at $38.00 last week , industrial rates. Plywood is cheaper than OSB.
That said, lumber companies are not a great investment point right now, so many are also deversified into paper products and they are taking a beating.
Furniture grade lumber hasn't been affected compared to building grade soft lumber. I would hate to drive nails into a maple 2x4.The neighbour just had a huge sugar maple taken down as firewood. It couldn't be felled as one piece due to clearance issues. An expensive crane might have done the job but may have been worth it for the lumber.
Actually not, the tree came down because it was going to fall down due to rot.
The Covid recession is very selective.
I know a guy that had his roof re-shingled. The roofers didn't know the original builder cut down oak trees and milled them for the roof boards. Pre drilling every nail killed any thought of profit.Furniture grade lumber hasn't been affected compared to building grade soft lumber. I would hate to drive nails into a maple 2x4.